Money for Structured Settlements

Structured settlements have become more and more widely known since the 1970’s but it’s still difficult to decide whether you should stick with the periodic payments or opt for getting the money up front.

There are really 2 crucial points you need to consider in order to decide whether lump sum or structured settlement is best for you.

1 - Are you in any real urgent need of money right now?

Depending on the nature of your accident you might be in a serious need for money right this minute.

We’ve all heard the nightmare stories of accident victims who can’t afford to pay their out-of-pocket medical expenses or might lose their home because they can’t work.

2 – Inflation. Watch out because it can kill you!

$3,000.00 per month is *not* what it was 15 years ago… especially in today’s economy!

If you’re receiving cash from a long term structured settlement be sure to factor inflation.

Of course it’s best to lay everything on the table with your trusted financial advisor so he or she can help you process the situation.

One alternative – especially if you’re a savvy investor – is to opt for the lump sum and invest the amount on your own. Placing that money in standard investments can yield a much higher return than a structured settlement!

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